Jed Matricaria Acquires Irvington Multifamily For $4.2M
SOLD
$4,200,000
New Jersey
See Similar DealsMultiFamily25,750 SF
Sold 06/01/2022
SOLD
Jed Matricaria Acquires Irvington Multifamily For $4.2M
659 Chancellor Avenue, Irvington, New Jersey 07112, United States
See Similar DealsMultiFamily25,750 SF
Sold 06/01/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:25,750 SF
Transaction Type:Sale
A multifamily property located at 659 Chancellor Ave in Irvington has been sold for a total price of $4,200,000. The property consists of 33 units, resulting in a price per unit of $127,273. With a total square footage of 25,750, the price per square foot is calculated to be $163.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 33
- Price per Unit: $127,273
- Square Footage: 25,750
- Price per Square Foot: $163
Jed Matricaria from Marcus & Millichap represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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